LaSalle Investment Management has acquired a high-quality logistics asset at the Port of Moerdijk in the Netherlands for its E-Regi open-ended pan-European fund.
Located in the west of the Dutch province North Brabant near Rotterdam, the property was acquired from Savills Investment Management for an undisclosed amount, believed to be just over €26 mln.
Completed in 2007, the warehouse has more than 21,000 m2 of usable space, 21 loading docks and it is fully let to Van der Helm, a Dutch logistics company.
Uwe Rempis, managing director and fund manager of LaSalle E-Regi, said: 'The acquisition of the asset is a significant strategic investment for the fund, which has achieved an outstanding performance since its launch in 2011 with an average annual total return of 6.6%. Our aim is and remains a broadly diversified portfolio of first-class core properties in fast-growing markets. With the acquisition in Moerdijk, we are further expanding the fund’s strategic commitment in one of the most attractive locations for European logistics. The Dutch market excels with consistently stable fundamentals and, particularly in the port logistics sub-sector, high-quality properties such as the Moerdijk asset offer a strong competitive advantage and therefore solid returns for our investors.'
The transaction was brokered by TLF Real Estate.
